The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet Sales Costs 20,700 14,200 Current assets Fixed assets $12,060 Debt $ 16,780 34,200 Equity 29,480 $ Taxable income $6,500 Total Total $ 46,260 46,260 Taxes (24%) 1,560 Net income $4,940 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) Internal growth rate %